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Site Lease Agreement Amendments with Aldridge Electric, Inc. <br />February 15, 2022 <br />Page 2 <br />2 <br />4 <br />2 <br />7 <br />FISCAL IMPACT <br />Lease Income in the amount of $370,527 will be deposited into the SARTC Operations <br />Rental – Aldridge Electric, Inc. revenue account (No. 06717002-53826) for future <br />appropriations. <br />Lease and License Agreement Term (February 20, 2022, through February 19, 2024) <br />Fiscal <br />Year <br />Accounting Unit <br />– Account No. <br />Fund <br />Description <br />Accounting Unit, <br />Account Description Amount <br />2021-22 <br />(Feb-June)06717002-53826 <br />Regional <br />Transportation <br />Center <br />PWA- SARTC Operations, <br />Rental – Aldridge Electric $44,510 <br />2022-23 <br />(July-June)06717002-53826 <br />Regional <br />Transportation <br />Center <br />PWA- SARTC Operations, <br />Rental – Aldridge Electric $123,509 <br />2023-24 <br />(July-Feb)06717002-53826 <br />Regional <br />Transportation <br />Center <br />PWA- SARTC Operations, <br />Rental – Aldridge Electric $78,999 <br />Lease and License Agreement 1-year Renewal Option <br />(February 20, 2024, through February 19, 2025) <br />2023-24 <br />(Feb-June)06717002-53826 <br />Regional <br />Transportation <br />Center <br />PWA- SARTC Operations, <br />Rental – Aldridge Electric $44,510 <br />2024-25 <br />(July-Feb)06717002-53826 <br />Regional <br />Transportation <br />Center <br />PWA- SARTC Operations, <br />Rental – Aldridge Electric $78,999 <br />Total:$370,527 <br />EXHIBIT(S) <br />1. Third Amendment to Site Lease Agreement with Aldridge Electric, Inc. <br />Submitted By: Nabil Saba, Executive Dir Public Works <br />Approved By: Kristine Ridge, City Manager